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If we achieve energy independence, don't expect any savings at the pump

St. Louis Post-Dispatch -- Energy independence is finally within reach for the U.S., but motorists won’t notice when they pull up to the gasoline pump.

The International Energy Agency, which recently forecast that the U.S. would be “all but self-sufficient” in energy by 2035, also predicts that oil prices will stay high. It expects the world price of oil, currently about $110 a barrel, to hit $125 in inflation-adjusted terms two decades from now. In nominal terms, that will be about $215. (The world benchmark, Brent, currently is priced about $20 higher than the U.S. benchmark, West Texas Intermediate.)

In fact, high prices are what drives the expected increase in U.S. oil production. If prices plummet — perhaps because of another global recession — expensive shale-oil drilling projects would be canceled and U.S.

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Submitted Nov 25, 2012 By: angel4me

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Nov 29, 2012 12:00:20 AM Ignore honda0105 Report Abuse Europeans have been paying the equivalent of $7 and more per gallon for a long time.
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Nov 28, 2012 5:50:26 AM Ignore honda0105 Report Abuse not what many ppl want to hear, but reality.
mamabeck Champion Author Florida Posts:1,640 Points:360,085 Joined:Jan 2012	Message Posted: Nov 26, 2012 11:09:44 AM Ignore mamabeck Report Abuse This article is interesting and could be great to see it become reality. After reading many of the extremely negative responses that have been written, it wouldn't seem to satisfy some, no matter how or who introduced or regulated this.
ClarkSC Champion Author South Carolina Posts:3,068 Points:1,009,455 Joined:May 2010	Message Posted: Nov 26, 2012 8:18:11 AM Ignore ClarkSC Report Abuse Agreed.
jethro5000 Champion Author Kentucky Posts:1,862 Points:388,310 Joined:Jun 2005	Message Posted: Nov 26, 2012 6:54:52 AM Ignore jethro5000 Report Abuse ?
tomok Champion Author Portland Posts:32,944 Points:2,343,560 Joined:Aug 2006	Message Posted: Nov 26, 2012 5:17:27 AM Ignore tomok Report Abuse If we achieve energy independence, don't expect any savings at the pump. So True, So Very True! The fuel prices at the pump should be lower to help the economy recover! More Refineries are Not the answer, stop exporting that fuel is! Are the fuel prices at the pump Not high enough already, Bog Oil and the refineries restrict the production of fuel to raise those prices at the pump? Big Oil and the huge price fixing at the fuel pump. Big Oil still producing fuel in 'off line' mode when the refinery is performing maintenance or an upgrade at the same time. Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too! The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
Amtrgas Champion Author Oakland Posts:2,678 Points:1,619,070 Joined:Dec 2007	Message Posted: Nov 26, 2012 2:31:48 AM Ignore Amtrgas Report Abuse If the oil does not benefit the American public. Just leave it were it is. No since making the rich, richer, on the backs of the middle class.
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,850,195 Joined:Nov 2004	Message Posted: Nov 26, 2012 1:16:06 AM Ignore Jeff4U Report Abuse Energy independence while under an Obama administration is about as likely as winning the $425 million lottery next week.
BigOyl All-Star Author Wichita Posts:877 Points:347,230 Joined:Apr 2012	Message Posted: Nov 26, 2012 12:08:26 AM Ignore BigOyl Report Abuse Stimulating...
Dragnet Champion Author Arizona Posts:15,396 Points:2,906,810 Joined:Jul 2004	Message Posted: Nov 26, 2012 12:01:34 AM Ignore Dragnet Report Abuse Not surprising
TTQuattro Rookie Author Indiana Posts:72 Points:45,060 Joined:Oct 2012	Message Posted: Nov 25, 2012 11:58:26 PM Ignore TTQuattro Report Abuse figures
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Nov 25, 2012 11:57:08 PM Ignore southrob Report Abuse uh soooo not true. the more you have of something drives the price down. dhan
wang91554 Champion Author San Jose Posts:3,155 Points:1,198,880 Joined:May 2009	Message Posted: Nov 25, 2012 11:55:32 PM Ignore wang91554 Report Abuse just the way it is
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Nov 25, 2012 11:49:44 PM Ignore CharlieC08 Report Abuse OK
suicyco16 All-Star Author Phoenix Posts:576 Points:285,125 Joined:Jun 2012	Message Posted: Nov 25, 2012 11:47:42 PM Ignore suicyco16 Report Abuse And this would be a surprise why?
flyfast Champion Author Kansas City Posts:9,238 Points:1,823,110 Joined:Jan 2008	Message Posted: Nov 25, 2012 11:46:45 PM Ignore flyfast Report Abuse we will never save
dcjauburn Champion Author Sacramento Posts:12,427 Points:2,237,640 Joined:May 2005	Message Posted: Nov 25, 2012 11:46:21 PM Ignore dcjauburn Report Abuse One of the reasons to look at alternative energy vehicles when you buy your next vehicle.
Z51Corvette Champion Author Austin Posts:8,475 Points:1,669,245 Joined:Jan 2008	Message Posted: Nov 25, 2012 11:44:49 PM Ignore Z51Corvette Report Abuse us4usa... we have more oil than you imagine... Saudi Arabia, will run out before the US. We have too much debt to be independent. It is this reason, we won't be able to sell it for less... we need to pay our DEBTS!
Mowerman08 Champion Author Milwaukee Posts:4,745 Points:1,215,070 Joined:Aug 2008	Message Posted: Nov 25, 2012 11:44:04 PM Ignore Mowerman08 Report Abuse NOT for at least 4 more years, YOU know why!
us4usa Champion Author Missouri Posts:5,978 Points:1,110,400 Joined:May 2008	Message Posted: Nov 25, 2012 11:42:22 PM Ignore us4usa Report Abuse Opec will swim in oil without US buying oil, so they will sell their oil cheap to make a deal... We need to start switching to NG...
ramshot412 Champion Author Riverside Posts:20,137 Points:2,463,540 Joined:Apr 2004	Message Posted: Nov 25, 2012 11:40:43 PM Ignore ramshot412 Report Abuse certainly not with Reaganomics around
bearzz Champion Author California Posts:1,417 Points:416,645 Joined:Mar 2011	Message Posted: Nov 25, 2012 11:40:27 PM Ignore bearzz Report Abuse Why not??
pgerassi Champion Author Milwaukee Posts:10,886 Points:2,129,655 Joined:Apr 2007	Message Posted: Nov 25, 2012 11:35:03 PM Ignore pgerassi Report Abuse Switch away is on.
nwsynthetics Champion Author Oregon Posts:1,014 Points:345,075 Joined:Dec 2011	Message Posted: Nov 25, 2012 11:33:58 PM Ignore nwsynthetics Report Abuse High for outside sources. Cheap for US
humblepie Champion Author Toledo Posts:34,114 Points:2,369,420 Joined:Mar 2006	Message Posted: Nov 25, 2012 11:33:24 PM Ignore humblepie Report Abuse certainly not with obamanomics around
tco9436 Champion Author Connecticut Posts:1,772 Points:719,925 Joined:Mar 2010	Message Posted: Nov 25, 2012 11:29:32 PM Ignore tco9436 Report Abuse i wouldn;t
Dsin44 Champion Author Abbotsford Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Nov 25, 2012 11:28:59 PM Ignore Dsin44 Report Abuse clermont40miles totally agree with your opinion...
sickhp Champion Author San Antonio Posts:1,364 Points:514,205 Joined:Sep 2011	Message Posted: Nov 25, 2012 11:27:53 PM Ignore sickhp Report Abuse Keep jobs and profits in America and tell OPEC to go pound sand.
1Boog Champion Author Lincoln Posts:5,961 Points:1,198,975 Joined:May 2004	Message Posted: Nov 25, 2012 11:27:21 PM Ignore 1Boog Report Abuse of course not.....cuz the speculators and big oil have to feed their families don't you know!!!
clermont40miles Champion Author Cincinnati Posts:10,554 Points:1,770,090 Joined:Apr 2008	Message Posted: Nov 25, 2012 11:25:59 PM Ignore clermont40miles Report Abuse Only change to impact prices in a way that returns to a supply and demand market is to get rid of all paper trading and speculators who have no business in the market. Reinstate the Glass-Steagall Act. Only those who take delivery are permitted to bid in the market. Only actual buyers not players who profit at our expense. Fix that.
Harry813 Champion Author Iowa Posts:2,990 Points:658,940 Joined:Jul 2011	Message Posted: Nov 25, 2012 11:22:37 PM Ignore Harry813 Report Abuse how can I save when I'm spending?
Barfood Champion Author St. Louis Posts:3,296 Points:1,015,080 Joined:Jun 2009	Message Posted: Nov 25, 2012 11:21:43 PM Ignore Barfood Report Abuse Old news, but I didn't read it in the paper here.
wayoung56 Champion Author Alabama Posts:2,790 Points:816,385 Joined:Oct 2006	Message Posted: Nov 25, 2012 11:21:08 PM Ignore wayoung56 Report Abuse Speculators will keep domestic prices high just to maximize their profits regardless of energy independence...
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Nov 25, 2012 11:15:29 PM Ignore knot2swift Report Abuse I don't think the US will do it. You guys are in year 5 recovering from a major depression. True they didn't call it that but is was just that. The world too will recover as well as the US in 5 more years. Face it we're using today's depressed usage to calculate independance. It won't be like that 5 years from now for the US as well as the rest of the world. By 2017 we'll all be talking shortage of supply yet again just like we were in 2007. Ain't hindsight just wonderful?
shari28 Rookie Author Iowa Posts:10 Points:5,650 Joined:Nov 2012	Message Posted: Nov 25, 2012 11:14:33 PM Ignore shari28 Report Abuse I would think that if we become "self-suffcient" the prices should go down.
scott121 Rookie Author Orange County Posts:49 Points:31,410 Joined:Nov 2012	Message Posted: Nov 25, 2012 11:13:43 PM Ignore scott121 Report Abuse Time to force the oil companies that Drill on US soil to sale to the United States before they can import to other countries to make profit. What is the point of them drilling if it doesn't lower or gas prices. I rather they not drill at all.
abacus44 Champion Author Toms River Posts:3,465 Points:745,565 Joined:Jan 2011	Message Posted: Nov 25, 2012 11:10:26 PM Ignore abacus44 Report Abuse Even without price decreases, it would be better to keep the money in the U.S.
chuckhermann All-Star Author New York Posts:952 Points:497,150 Joined:Jun 2011	Message Posted: Nov 25, 2012 11:07:20 PM Ignore chuckhermann Report Abuse Who ever associated energy independence with cheap energy? Was it cheap when the colonies seceded from England to become the US? Was the Civil War cheap?
lewpuckett Champion Author Georgia Posts:1,155 Points:645,135 Joined:Mar 2011	Message Posted: Nov 25, 2012 11:00:48 PM Ignore lewpuckett Report Abuse well said gmcgas
30mpg80 Champion Author Lexington Posts:10,007 Points:1,484,930 Joined:Nov 2008	Message Posted: Nov 25, 2012 10:59:38 PM Ignore 30mpg80 Report Abuse OPEC can sell to other countries when we no longer depend on their oil.
Tekkersmom57 Champion Author Syracuse Posts:1,864 Points:698,715 Joined:May 2010	Message Posted: Nov 25, 2012 10:59:22 PM Ignore Tekkersmom57 Report Abuse I agree with gmcgas comment!
gmcgas Champion Author Atlanta Posts:5,937 Points:1,711,145 Joined:Mar 2004	Message Posted: Nov 25, 2012 10:54:32 PM Ignore gmcgas Report Abuse yep, world price will be world price, but a least they won't be able to withhold oil to get us to submit to anything.
jwalkerh Champion Author Louisiana Posts:6,127 Points:1,368,645 Joined:Oct 2008	Message Posted: Nov 25, 2012 10:53:48 PM Ignore jwalkerh Report Abuse Once prices rise they never return to the lower prices...
WeasleyOC Champion Author Orange County Posts:3,134 Points:799,400 Joined:Jul 2008	Message Posted: Nov 25, 2012 10:52:56 PM Ignore WeasleyOC Report Abuse But it should stop the roller coaster ride.
toadNY Champion Author Albany Posts:7,032 Points:1,511,200 Joined:Apr 2008	Message Posted: Nov 25, 2012 10:52:23 PM Ignore toadNY Report Abuse I hate to say it but expect another global Recession with nobama's second term.
AnObserver Champion Author New Jersey Posts:8,344 Points:2,255,830 Joined:Sep 2005	Message Posted: Nov 25, 2012 10:48:59 PM Ignore AnObserver Report Abuse Independence or not, we oil is stilla global commodity. If I have oil in the US and someone in another country will pay more than a US refinery, I sell it to the person in the other country. That is how markets work. Energy independence impacts our options in international politics.
hcivic Champion Author Virginia Posts:3,839 Points:2,262,790 Joined:Aug 2005	Message Posted: Nov 25, 2012 10:48:40 PM Ignore hcivic Report Abuse energy is a needed commodity so prices will go up depending on the market for it and it will be up
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Nov 25, 2012 10:48:09 PM Ignore fuelsaverMN Report Abuse Gas should go to under $2.00 a gallon.
HuoXingC All-Star Author Oakland Posts:790 Points:108,125 Joined:Apr 2011	Message Posted: Nov 25, 2012 10:47:11 PM Ignore HuoXingC Report Abuse Well, it all depends on how we define our terms. Ambiguity is the troll.
mrreferee Champion Author Savannah Posts:1,336 Points:555,280 Joined:Jun 2011	Message Posted: Nov 25, 2012 10:46:51 PM Ignore mrreferee Report Abuse the gov taxes everything, I am almost afraid to fart...